13F 申報指南13F 觀念全攻略
什麼是 SEC Form 13F 申報？美股機構大戶持股全攻略
完整解讀 Form 13F 申報規範、1 億美元門檻與 45 天延遲申報機制，學會如何追蹤頂級對沖基金與機構法人持倉動向。
AlphaSMO 權威研究指南閱讀專題
CIK: 0001387130
申報總市值
US$9.8億
US$9.8億
185 檔
25.0%
在 Q4 2025 申報期間，Marble Harbor Investment Counsel, LLC（CIK: 0001387130）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$9.8億，共持有 185 個公開申報部位。
從 Q4 2025 申報觀察，Marble Harbor Investment Counsel, LLC 採取防禦導向的調倉策略，本季減碼 30 檔個股並出清 3 檔部位，顯示機構在該時期進行風險控制與流動性回收。
在資產配置集中度方面，Marble Harbor Investment Counsel, LLC 的前 5 大核心持股（包含 MSFT, AAPL, ABBV 等）合計佔整體申報市值的 25.0%，反映機構在主要關鍵部位上的權重分佈。
| # | 代號 | 標的名稱 | 資產子類別 | 佔比 | 佔比變動 | 持倉量變化 | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | 股票-科技 | 7.53% | -0.32% | -1.50% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 7.15% | +0.38% | -1.46% | |
| 3 | ABBV | Abbvie Inc | 股票-醫療保健 | 4.45% | +0.32% | -1.03% | |
| 4 | CSCO | Cisco Systems Inc | 股票-科技 | 3.73% | +1.57% | -0.45% | |
| 5 | ADP | Automatic Data Processing | 股票-科技 | 3.48% | +0.13% | -0.54% | |
| 6 | EBAY | Ebay Inc | 股票-循環性消費 | 2.92% | +0.42% | -0.21% | |
| 7 | IRM | Iron Mountain Inc | 股票-房地產 | 2.78% | +0.46% | -3.46% | |
| 8 | ORLY | O'reilly Automotive Inc | 股票-循環性消費 | 2.77% | -0.19% | -1.91% | |
| 9 | PH | Parker Hannifin CORP | 股票-工業 | 2.68% | +0.03% | -1.73% | |
| 10 | IDXX | Idexx Laboratories Inc | 股票-醫療保健 | 2.64% | -0.27% | -0.37% | |
| 11 | ABT | Abbott Laboratories | 股票-醫療保健 | 2.60% | -0.34% | +0.00% | |
| 12 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 2.47% | -0.11% | +1.48% | |
| 13 | VWO | Vanguard Ftse Emerging Marke | ETF-新興市場 | 2.23% | +0.09% | -1.81% | |
| 14 | GE | General Electric | 股票-工業 | 2.00% | +0.43% | -0.34% | |
| 15 | FISV | Fiserv Inc | 股票-其他 | 1.81% | -0.22% | +49.22% | |
| 16 | XOM | Exxon Mobil CORP | 股票-能源 | 1.78% | -2.25% | -0.53% | |
| 17 | WMT | Walmart Inc | 股票-非循環性消費 | 1.75% | -0.30% | -1.75% | |
| 18 | NTRS | Northern Trust CORP | 股票-金融 | 1.74% | +0.29% | -0.10% | |
| 19 | HR | Healthcare Realty Trust Inc | 股票-房地產 | 1.67% | +0.18% | +1.95% | |
| 20 | PGR | Progressive CORP | 股票-金融 | 1.66% | +0.02% | -0.63% | |
| 21 | EOG | Eog Resources Inc | 股票-能源 | 1.33% | -0.32% | +9.39% | |
| 22 | KO | Coca-cola Co/the | 股票-非循環性消費 | 1.31% | — | -0.19% | |
| 23 | WFC | Wells Fargo & Co | 股票-金融 | 1.30% | -0.03% | +0.15% | |
| 24 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.28% | +0.17% | -2.57% | |
| 25 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.25% | -0.25% | -1.18% | |
| 26 | ECL | Ecolab Inc | 股票-原物料 | 1.21% | -0.02% | -0.44% | |
| 27 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.19% | -0.05% | -1.56% | |
| 28 | PFE | Pfizer Inc | 股票-醫療保健 | 1.19% | -0.26% | +13.44% | |
| 29 | PYPL | Paypal Holdings Inc | 股票-金融 | 1.18% | -0.08% | +3.79% | |
| 30 | DIS | Walt Disney Co/the | 股票-通訊服務 | 1.15% | -0.07% | -0.05% | |
| 31 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 1.05% | +0.08% | -7.12% | |
| 32 | SYK | Stryker CORP | 股票-醫療保健 | 1.04% | -0.06% | -0.89% | |
| 33 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.03% | -0.29% | -0.05% | |
| 34 | VIOO | Vanguard S&p Small-cap 600 E | ETF-其他 | 0.97% | +0.14% | +4.35% | |
| 35 | DXCM | Dexcom Inc | 股票-醫療保健 | 0.88% | +0.01% | -24.16% | |
| 36 | PCOR | Procore Technologies Inc | 股票-科技 | 0.85% | -0.19% | +4.43% | |
| 37 | BOH | Bank Of Hawaii CORP | 股票-其他 | 0.82% | +0.03% | +14.34% | |
| 38 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.80% | -0.15% | — | |
| 39 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.76% | -0.01% | -1.83% | |
| 40 | GEV | GE Vernova Inc | 股票-工業 | 0.72% | +0.25% | -31.81% | |
| 41 | NVDA | Nvidia CORP | 股票-科技 | 0.70% | +0.03% | -2.17% | |
| 42 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.68% | +0.09% | — | |
| 43 | DHR | Danaher CORP | 股票-醫療保健 | 0.59% | -0.01% | +0.33% | |
| 44 | EXPD | Expeditors Intl Wash Inc | 股票-工業 | 0.55% | +0.04% | -0.58% | |
| 45 | EW | Edwards Lifesciences CORP | 股票-醫療保健 | 0.54% | +0.03% | — | |
| 46 | CVX | Chevron CORP | 股票-能源 | 0.54% | -0.18% | — | |
| 47 | EMR | Emerson Electric Co | 股票-工業 | 0.53% | +0.02% | -0.27% | |
| 48 | RTX | Rtx CORP | 股票-工業 | 0.52% | -0.04% | -0.43% | |
| 49 | GLDM | Spdr Gold Minishares Trust | ETF-避險與商品 | 0.49% | -0.10% | -16.63% | |
| 50 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.48% | +0.09% | +7.76% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | +0.5% | -1.46% | 減碼 |
| 2 | CSCO | Cisco Systems Inc | +0.5% | -0.45% | 減碼 |
| 3 | PH | Parker Hannifin CORP | +0.4% | -1.73% | 減碼 |
| 4 | GOOGL | Alphabet Inc-cl A | +0.3% | -2.57% | 減碼 |
| 5 | NKE | Nike Inc -cl B | +0.2% | +118.76% | 加碼 |
| 6 | IDXX | Idexx Laboratories Inc | +0.2% | -0.37% | 減碼 |
| 7 | LLY | Eli Lilly & Co | +0.2% | +7.76% | 加碼 |
| 8 | GOOG | Alphabet Inc-cl C | +0.2% | — | 不變 |
| 9 | MRK | Merck & Co. Inc. | +0.2% | -1.83% | 減碼 |
| 10 | WFC | Wells Fargo & Co | +0.2% | +0.15% | 加碼 |
| 11 | BOH | Bank Of Hawaii CORP | +0.2% | +14.34% | 加碼 |
| 12 | PFE | Pfizer Inc | +0.1% | +13.44% | 加碼 |
| 13 | WMT | Walmart Inc | +0.1% | -1.75% | 減碼 |
| 14 | JNJ | Johnson & Johnson | +0.1% | -1.56% | 減碼 |
| 15 | XOM | Exxon Mobil CORP | +0.1% | -0.53% | 減碼 |
| 16 | SIVR | Abrdn Physical Silver Shares | +0.1% | -8.40% | 減碼 |
| 17 | EXPD | Expeditors Intl Wash Inc | +0.1% | -0.58% | 減碼 |
| 18 | LRCX | Lam Research CORP | +0.1% | -2.33% | 減碼 |
| 19 | DHR | Danaher CORP | +0.1% | +0.33% | 加碼 |
| 20 | KO | Coca-cola Co/the | +0.1% | -0.19% | 減碼 |
| 21 | GE | General Electric | +0.1% | -0.34% | 減碼 |
| 22 | VIOO | Vanguard S&p Small-cap 600 E | +0.1% | +4.35% | 加碼 |
| 23 | DEO | Diageo Plc-sponsored Adr | +0.1% | +34.86% | 加碼 |
| 24 | VIG | Vanguard Dividend Apprec ETF | +0.1% | +37.92% | 加碼 |
| 25 | EW | Edwards Lifesciences CORP | +0.1% | — | 不變 |
| 26 | VBR | Vanguard Small-cap Value ETF | +0.1% | +9.43% | 加碼 |
| 27 | RTX | Rtx CORP | +0.1% | -0.43% | 減碼 |
| 28 | CB | Chubb Limited | 0% | -0.16% | 減碼 |
| 29 | VWO | Vanguard Ftse Emerging Marke | 0% | -1.81% | 減碼 |
| 30 | ABBV | Abbvie Inc | 0% | -1.03% | 減碼 |
| 31 | VOO | Vanguard S&p 500 ETF | 0% | -7.12% | 減碼 |
| 32 | HR | Healthcare Realty Trust Inc | 0% | +1.95% | 加碼 |
| 33 | ECL | Ecolab Inc | 0% | -0.44% | 減碼 |
| 34 | SYK | Stryker CORP | -0.1% | -0.89% | 減碼 |
| 35 | HD | Home Depot Inc | -0.1% | -1.50% | 減碼 |
| 36 | EBAY | Ebay Inc | -0.1% | -0.21% | 減碼 |
| 37 | PG | Procter & Gamble Co/the | -0.1% | +1.48% | 加碼 |
| 38 | PYPL | Paypal Holdings Inc | -0.1% | +3.79% | 加碼 |
| 39 | PGR | Progressive CORP | -0.1% | -0.63% | 減碼 |
| 40 | ABT | Abbott Laboratories | -0.1% | +0.00% | 加碼 |
| 41 | GEV | GE Vernova Inc | -0.3% | -31.81% | 減碼 |
| 42 | DXCM | Dexcom Inc | -0.3% | -24.16% | 減碼 |
| 43 | ADP | Automatic Data Processing | -0.4% | -0.54% | 減碼 |
| 44 | FISV | Fiserv Inc | -0.5% | +49.22% | 加碼 |
| 45 | MSFT | Microsoft CORP | -0.5% | -1.50% | 減碼 |
| 46 | ORLY | O'reilly Automotive Inc | -0.5% | -1.91% | 減碼 |
| 47 | IRM | Iron Mountain Inc | -0.7% | -3.46% | 減碼 |
| 48 | TPR | Tapestry Inc | — | EXIT | 清倉 |
| 49 | MAS | Masco CORP | — | EXIT | 清倉 |
| 50 | 6D8 | Dupont De Nemours Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Marble Harbor Investment Counsel, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$9.8億，共申報了 185 個公開持股部位。
在 Q4 2025 季度，Marble Harbor Investment Counsel, LLC 按市值排列的前三大核心持股分別為：MSFT (7.5%)、AAPL (7.2%)、ABBV (4.5%)。其中最大持股部位 MSFT 佔據整體投資組合約 7.5% 的權重。
精選 AlphaSMO 大戶持股與內部人交易深度分析，提升投資決策勝率
完整解讀 Form 13F 申報規範、1 億美元門檻與 45 天延遲申報機制，學會如何追蹤頂級對沖基金與機構法人持倉動向。
本季最大獲利了結 / 清倉標的
TPR
前期市值: US$678.8萬
在 Q4 2025 季度中，Marble Harbor Investment Counsel, LLC 共進行了 48 項持倉異動，包含新建倉 0 個部位、加碼 15 個部位、減碼 30 個部位以及清倉 3 個部位。 本季清倉部位包含 TPR。
本頁面所有持股數據均直接同步自美國證券交易委員會（SEC）EDGAR 官方系統之 13F-HR / 13F-HR/A 季度申報文件。AlphaSMO 透過機器解析 CUSIP 與個股對照，提供 100% 精準對齊的歷史時序數據集，並支援 Schema.org 結構化資料格式。
解析公司高管、董事與 10% 大股東之 Form 4 內部人交易申報，掌握高管自家股票買賣第一手訊號。
深入剖析 5% 股益申報門檻、13D 與 13G 之差異，以及最新 SEC 申報時程規範，洞察機構法人的激進投資動向。